Arkadios Wealth Advisors Sells 11,715 Shares of General Dynamics Corporation $GD

Arkadios Wealth Advisors cut its stake in General Dynamics Corporation (NYSE:GD) by 49.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,007 shares of the aerospace company’s stock after selling 11,715 shares during the period. Arkadios Wealth Advisors’ holdings in General Dynamics were worth $4,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. boosted its stake in shares of General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock valued at $767,000 after purchasing an additional 30 shares during the last quarter. 1858 Wealth Management LLC boosted its position in General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC grew its holdings in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after acquiring an additional 33 shares during the period. Gilbert & Cook Inc. raised its position in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after acquiring an additional 33 shares in the last quarter. Finally, Columbus Macro LLC lifted its stake in shares of General Dynamics by 0.4% in the 3rd quarter. Columbus Macro LLC now owns 8,644 shares of the aerospace company’s stock valued at $2,948,000 after purchasing an additional 33 shares during the period. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $359.05 on Wednesday. The stock has a market cap of $96.99 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.63 and a beta of 0.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $369.70. The firm’s 50-day simple moving average is $345.01 and its 200 day simple moving average is $331.85.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the prior year, the business posted $3.35 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of General Dynamics from $381.00 to $388.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Wolfe Research increased their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $366.70.

Insider Activity

In other news, VP David Paddock sold 20,360 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.